Eurozone Unemployment Reaches 10%

For the first time since the introduction of the euro, unemployment in the countries using the single currency has topped 10 percent. While this news is sure to cast a pall over European markets today, more telling perhaps is how individual member nations are faring.

For instance, Spain is struggling with a 19 percent unemployment rate, while the Netherlands faces a mere 4 percent unemployment. Meanwhile, Germany is actually gaining new jobs and there is no doubt that the wide discrepancy in employment opportunities within the Eurozone only adds to the internal pressures highlighted by the ongoing Greek debt crisis.

Source: BBC News

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